Skip to main content
Donate to the 95 years appeal
China ‘confident Caracas can handle own debts’
Beijing won’t restructure loan payments despite Russia agreeing new relief deal

CHINA will not restructure loans owed by Venezuela, despite Russia agreeing a change on Wednesday.

China’s Foreign Ministry said that it was confident Venezuela “have the ability to appropriately handle their affairs, including the debt issue.”

Venezuela owes China $23 billion (£17.5bn), out of a total of about $140bn, primarily as a result of oil-for-loans deals.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Keir Starmer
Editorial / 23 May 2025
23 May 2025
Chancellor of the Exchequer Rachel Reeves speaks with the media at the Rolls-Royce factory in Derby, following the announcement from the Office for National Statistics that the UK economy grew by 0.7% between January and March, May 15, 2025
Editorial: / 15 May 2025
15 May 2025
Similar stories
In this photo provided by the Ukrainian Emergency Services o
Features / 14 March 2025
14 March 2025
For Britain, direct military aid is just the tip of the iceberg compared to the spiralling energy crisis that has fueled inflation, driven millions into fuel poverty and inflated corporate profits, reveals HELEN MERCER
FIRM REBUFF TO SEDITION: National Assembly President Jorge R
Features / 6 December 2024
6 December 2024
The new ‘Bolivar’ Act expands the brutal sanctions programme as the Trump team signals a return to aggressive regime change and foreign mercenaries plot insurrection and assassination, writes TIM YOUNG
An image of Republican presidential nominee former President
Features / 12 November 2024
12 November 2024
TIM YOUNG warns that the president-elect’s record of economic and political interference from his last stint in the White House show dangerous potential for escalated aggression against the Bolivarian government from 2025
DISCUSSION: Speakers (left to right) Ben Chacko of the Morni
Features / 30 September 2024
30 September 2024
BEN CHACKO reports from a day-long event to commemorate the achievements of the People’s Republic of China, from combating poverty to striving for a more peaceful world